The London Metal Exchange (LME) on Wednesday published revised proposals designed to boost liquidity and price competition on its electronic platform.
Last September, the exchange had unveiled a set of proposed measures to boost electronic trading, which drew opposition from some users.
The new proposals are designed to modernise the 148-year-old LME but also protect traditional users that trade physical metal, a statement said.
“We have listened carefully to these views and they have enabled us to refine different elements to better meet the needs of different sections of the market,” said CEO Matthew Chamberlain.
The LME, the world’s oldest and largest market for industrial metals, opened a consultation on the proposals which will last until June 13.
The LME is owned by Hong Kong Exchanges and Clearing.
(Reporting by Eric Onstad; Editing by Jan Harvey)
